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Social Studies > Economy types > Flashcards

Economy types Flashcards

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1
Q

Market Economy

A

Decisions are made by individuals

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2
Q

Command Economy

A

All decisions are made by the government

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3
Q

Mixed Economy

A

Combination of free market, and limited government involvment.

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4
Q

Traditional Economy

A

Based on culture and rituals

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Social Studies (5 decks)

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